English Language Proficiency Test OR have graduated with a bachelor degree or higher from a recognized university degree program at an accredited university, college or technical institute at which English is the primary language of instruction, OR are licensed in another jurisdiction in Canada and have satisfied that jurisdiction’s language requirements
ONCE I HAVE PASSED THE REAL ESTATE COURSE MUST I GET LICENSED IMMEDIATELY?
After one year period lapses - must re-write exam.
WHAT AREA CAN I SELL IN?
Licensed for province of British Columbia
Immediate area – Central Okanagan / Kelowna and surrounding areas
WHAT IS ROYAL LEPAGE’S SELECTION PROCESS?
3-4 Step interview
WHAT ARE MY START-UP COSTS? LICENSING FEES, ETC…
WHAT POST LICENSING TRAINING DO YOU OFFER? COSTS?
See Training Schedule
CAN I CONTINUE TO WORK ANOTHER JOB AFTER I AM LICENSED?
WHAT ARE MY POTENTIAL EARNINGS?
$25,000 - $500,000
First year goal $40,000+
Average gross commission in year 2019 - $113,398
HOW DO I GET PAID?
As per commission structure.
Once transaction completes and money transfers from buyer to seller, REALTOR® gets paid.
HOW LONG WILL IT TAKE BEFORE I AM EARNING MONEY?
Average 6 to 12 months
HOW MANY HOURS EACH WEEK WILL I HAVE TO WORK?
First year 50 – 60 hours
WHAT ARE THE TAX BENEFITS AFTER I AM LICENSED?
Independent contractor, same as owning a business.
HOW IS COMMERCIAL REAL ESTATE DIFFERENT THAN RESIDENTIAL REAL ESTATE?
Involves transactions with leases and sales of business. Financial statements. May take longer to negotiate, money larger. Sales fewer and far between. More specialized. More difficult to obtain by traditional prospecting methods.